Share-Based Compensation (Tables)
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12 Months Ended |
Mar. 31, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Share-based Compensation Expense |
The following table presents the details of the Company's share-based compensation expense (in millions): | | | | | | | | | | | | | | | | | | | Fiscal Year Ended March 31, | | 2026 | | 2025 | | 2024 | Cost of sales (1) | $ | 34.9 | | | $ | 21.8 | | | $ | 25.6 | | | Research and development | 140.0 | | | 104.6 | | | 94.3 | | | Selling, general and administrative | 80.5 | | | 54.0 | | | 57.6 | | | | | | | | | Pre-tax effect of share-based compensation | 255.4 | | | 180.4 | | | 177.5 | | | Income tax benefit | 53.1 | | | 37.9 | | | 37.5 | | | Net income effect of share-based compensation | $ | 202.3 | | | $ | 142.5 | | | $ | 140.0 | |
(1) During the fiscal year ended March 31, 2026, $22.0 million of share-based compensation expense was capitalized to inventory and $34.9 million of previously capitalized share-based compensation expense in inventory was sold. During the fiscal year ended March 31, 2025, $17.4 million of share-based compensation expense was capitalized to inventory and $21.8 million of previously capitalized share-based compensation expense in inventory was sold. During the fiscal year ended March 31, 2024, $19.0 million of share-based compensation expense was capitalized to inventory and $25.6 million of previously capitalized share-based compensation expense in inventory was sold.
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| Schedule of Share-based Compensation, Restricted Stock Units Award Activity |
RSUs share activity is set forth below: | | | | | | | | | | | | | Number of
Shares | | Weighted Average Grant Date Fair Value | | Nonvested shares at March 31, 2023 | 8,663,602 | | | $ | 58.72 | | | Granted | 2,535,772 | | | $ | 77.28 | | | | | | | Forfeited | (474,397) | | | $ | 64.37 | | | Vested | (2,510,781) | | | $ | 48.56 | | | Nonvested shares at March 31, 2024 | 8,214,196 | | | $ | 67.22 | | | Granted | 4,921,190 | | | $ | 70.74 | | | Forfeited | (1,191,134) | | | $ | 71.27 | | | Vested | (2,365,815) | | | $ | 60.12 | |
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Shares | | Weighted Average Grant Date Fair Value | | Nonvested shares at March 31, 2025 | 9,578,437 | | | $ | 70.28 | | | Granted | 5,036,212 | | | $ | 56.23 | | | | | | | Forfeited | (1,075,449) | | | $ | 66.14 | | | Vested | (2,382,678) | | | $ | 67.78 | | | Nonvested shares at March 31, 2026 | 11,156,522 | | | $ | 64.87 | |
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| Schedule of Share-based Compensation, Performance Stock Units Award Activity |
PSUs share activity is set forth below: | | | | | | | | | | | | | Number of
Shares | | Weighted Average Grant Date Fair Value | | Nonvested shares at March 31, 2023 | 380,870 | | | $ | 69.51 | | | Granted | 123,747 | | | $ | 77.61 | | | Forfeited | (2,883) | | | $ | 100.20 | | | Vested | — | | | $ | — | | | Nonvested shares at March 31, 2024 | 501,734 | | | $ | 71.33 | | | Granted | 183,304 | | | $ | 71.92 | | | Forfeited | (207,481) | | | $ | 72.21 | | | Vested | (159,293) | | | $ | 70.71 | | | Nonvested shares at March 31, 2025 | 318,264 | | | $ | 71.45 | | | Granted | 289,499 | | | $ | 61.79 | | | Forfeited | (77,372) | | | $ | 67.22 | | | Vested | (74,989) | | | $ | 80.18 | | | Nonvested shares at March 31, 2026 | 455,402 | | | $ | 64.34 | |
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